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Suppose a college football coach makes a base salary of $2,400,000 a year ( $200,000 per month). Employers are required to withhold a 6.2% Social
Suppose a college football coach makes a base salary of $2,400,000 a year ( $200,000 per month). Employers are required to withhold a 6.2% Social Security tax up to a maximum base Amount and a 1.45\% Medicare tax with no maximum. Assuming the Social Security maximum base amount is $142,800, how much will be withheld during the year for the coach's Social Security and Medicare taxes? (Round your answers to the nearest dollar amount.) Militiple Choice $34,800 543,654 None of these answer chaices are correct. $183,600
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